Greenline Financial Technologies, Inc., a leading provider of electronic trading marketplace solutions, today announced the completion of proprietary protocol support for MagniFIX, Greenline’s automated monitoring tool. These latest enhancements make MagniFIX 6.0 the industry’s most complete monitoring solution for global trading systems.
Greenline’s MagniFIX is the only consolidated tool with the ability to monitor across systems that use any version of the FIX protocol, as well as over 60 proprietary protocols from major exchanges, market data vendors, clearinghouses and technology vendors. MagniFIX allows users to identify and diagnose issues before they become a problem by providing comprehensive visibility across multiple environments and counterparties.
Global trading firms can also now leverage the MagniFIX WebClient, making it easier for multiple users to monitor activity across all systems and from various geographies and time zones, on a single web-based interface. In addition, brokers, networks, and exchanges that want their clients to have a controlled view of their trades and connection status can provide a distributed MagniFIX client to those customers.
Greenline customers that use VeriFIX for automated testing of proprietary protocols can easily use MagniFIX to complement their automated testing strategy. By using both VeriFIX and MagniFIX, users can establish a cycle of quality control, for example by using insight from MagniFIX to enhance the test cases in VeriFIX. Data can be immediately digested and acted upon.
“MagniFIX 6.0 provides automated monitoring across the largest database of proprietary protocols. The adoption of proprietary protocols in addition to FIX has rapidly grown as firms expand their trading relationships and broaden their access to new trading destinations. Keeping pace with each changing protocol specification or new protocol on the market can be daunting and labor-intensive, and requires significant investment. Greenline has leveraged its wealth of capital markets technology expertise and invested in the development of multi-protocol tools in order to save our clients the resources and time,” said Josh Tolman, President, Greenline.